Trade ChangXin Memory Technologies in Singapore

This page answers one question for Singapore: how a resident actually gets CXMT exposure, and what the rules say.

Is ChangXin Memory Technologies trading legal in Singapore?

Spot crypto is legal and licensed: 'digital payment token service' is one of the seven payment services MAS regulates under the Payment Services Act 2019, described by MAS as buying or selling digital payment tokens commonly known as cryptocurrencies, and section 5(1) of that Act provides that a person must not carry on a business of providing any type of payment service in Singapore unless the person holds a licence for it or is an exempt payment service provider. Residents therefore buy and sell on MAS-licensed venues — Coinbase Singapore Pte. Ltd. holds a Major Payment Institution licence for digital payment token service, and Coinhako trades under Payment Services Act licence PS20200556.

What the contract is

The contract itself does not change by geography: a CXMT perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open CXMT-PERP

Pick CXMT in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

CXMT-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of CXMT at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

No capital gains tax and no crypto-specific rate. IRAS states that gains from the sale of property, shares and financial instruments in Singapore are generally not taxable, and that because there are no capital gains taxes in Singapore, gains on digital tokens bought for long-term investment are not subject to tax.

Trading CXMT from Singapore: legal.

Singapore traders can fund ChangXin Memory Technologies positions using PayNow, FAST bank transfer and SWIFT / telegraphic transfer.

6 platforms serve Singapore for ChangXin Memory Technologies trading, among them ApeX, Aster and edgeX.

Canborsa offers up to 5x leverage on ChangXin Memory Technologies for traders based in Singapore.

Canborsa charges 0.07% per side (0.14% round trip) on ChangXin Memory Technologies.